tradeMONSTER: Trade free for 90 days

Options Trading News

February 1, 2013  Fri 1:16 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes were mixed while the CBOE Volatility Index and its futures were lower.

The S&P 500 was down 3.85 points to close at 1498.11, unable to hold the 1500 level for the first time in the last five sessions. It has resistance at 1510 and support at 1480.

The Nasdaq 100 was down just over 7 points to finish at 2731.53. The index has been in a tight range since the start of year, and its 20-day historical volatility is below 8 percent. It has support at 2660 and resistance at 2770.

The Russell 2000 was up 5 points, or 0.6 percent, to close at 902.09. It posted an all-time closing high of 907.31 on Tuesday. It has resistance at 908 and a first level of support at 888.

The VIX was down 0.04 points to 14.28. The 20-day historical volatility for the SPX fell to 5.5 percent, so this relatively low VIX level is actually quite high in that regard.

The February futures lost 0.30 points, or 2 percent, to close at 14.85 as the March futures fell 0.05 points to 15.75. This had the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 0.82 percent to close at 24.07.

Just over 736,000 VIX options traded on the day. Calls made up 548,000 of that volume.

The VVIX Index, which measures the implied volatility of the VIX options, was down 0.8 percent to 76.72. So there are expectations that actual volatility will pick up from here, but there is not much concern in this market.
Share this article with your friends


Related Stories

VIX

Videocast: Premium selling in VIX

December 17, 2014

Group One's Jamie Tyrrell says there has been "a ton" of activity in January VIX contracts, with traders selling premium heavily.

VIX

December VIX settlement 24.09

December 17, 2014

The settlement was above the open for the spot volatility index and well above the low of 22.44 that came shortly after.

VIX

VIX above 23 as equities fall again

December 17, 2014

After a promising start to the session, equity indexes again slipped lower as Russia and oil continued to dominate the news.

VIX

Videocast: Why VIX is up in rally

December 16, 2014

On the eve of the VIX's December settlement, Group One's Mike Palmer says the market's wild gyrations have pushed the volatility index higher even as the S&P 500 rallies.

VIX

VIX slips as equities continue slide

December 16, 2014

Early gains dissolved into losses as equity indexes continued their recent slide, though the CBOE Volatility Index fell as well.

Invest Like a Monster - Las Vegas: March 13-14

Premium Services

Archived Webinar

The Art of Trading: Forgiving the Spread

Education & Strategy

Know thy Greeks!

One of the most important roles played by the Option Pricing Model is the calculation of an important family of...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER